Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Network Rail: on or off balance sheet?

22 August 2014
 

Ministers are trying to find a way to reverse the accounting changes that will see Network Rail’s debt added to Britain’s national debt burden next month, according to the Financial Times. Network Rail will be reclassified as a public body on 1 September but The FT says the Government is studying ways that would allow the Office of National Statistics to classify NR’s debts as off balance sheet again. “The idea is to get it off balance sheet again within two...

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